Next (NXT)

Sector:

Retailers

Index:

FTSE 100

6,564.00p
   
  • Change Today:
    158.00p
  • 52 Week High: 8,426.00p
  • 52 Week Low: 5,764.00p
  • Currency: UK Pounds
  • Shares Issued: 129.26m
  • Volume: 252,354
  • Market Cap: £8,485m
  • RiskGrade: 153

Deutsche Bank cuts target price on Next

By Iain Gilbert

Date: Thursday 31 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank slashed their target price on retailer Next from 9,250.0p to 7,850.0p on Thursday, stating investors need to "think differently" about the stock.
Deutsche Bank noted that Next has increasingly been talking about the medium-term and this should make investors take notice.

The German bank said for many years Next operated its business "very effectively" on a "marginal gains" philosophy, with many small steps being taken to manage the business and evolve to external market conditions.

"In our view, the change started with the Total Platform where Next realised its investments and expertise could be monetised with other brands beyond the brand aggregator model," said the analysts.

Deutsche Bank said the medium-term outlook for Next was important, as the required investment in technology and logistics will be larger and the income stream derived over a longer period.

"It may not happen overnight but investors need to think differently about Next and the increased visibility on its earnings stream," said Deutsche.

However, Deutsche Bank still thinks that Next offers larger growth prospects and is more defensive than it has been given credit for, leading it to stand by its 'buy' rating on the stock.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Next Market Data

Currency UK Pounds
Share Price 6,564.00p
Change Today 158.00p
% Change 2.47 %
52 Week High 8,426.00p
52 Week Low 5,764.00p
Volume 252,354
Shares Issued 129.26m
Market Cap £8,485m
RiskGrade 153

Next Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average75.62% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
6.54% above the market average6.54% above the market average6.54% above the market average6.54% above the market average6.54% above the market average
41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average
Income
17.50% above the market average17.50% above the market average17.50% above the market average17.50% above the market average17.50% above the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average
Growth
75.99% above the market average75.99% above the market average75.99% above the market average75.99% above the market average75.99% above the market average
55.10% above the sector average55.10% above the sector average55.10% above the sector average55.10% above the sector average55.10% above the sector average

What The Brokers Say

Strong Buy 8
Buy 2
Neutral 9
Sell 0
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Next Dividends

  Latest Previous
  Special Interim
Ex-Div 13-Jan-22 07-Jul-22
Paid 28-Jan-22 01-Aug-22
Amount 160.00p 127.00p

Trades for 16-Aug-2022

Time Volume / Share Price
16:54 226 @ 6,506.42p
16:45 229 @ 6,600.00p
16:45 229 @ 6,600.00p
16:37 982 @ 6,564.00p
16:35 154,360 @ 6,564.00p

Next Key Personnel

CEO Wolfson Aspley Guise
Finance Director Amanda James
Chair Michael J Roney

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